Key facts
- This page summarizes John F. Remondi's Form 4 filing for NAVIENT CORP (NAVI).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 02 Mar 2023, 16:59.
John F. Remondi - 28 Feb 2023 Form 4 Insider Report for NAVIENT CORP (NAVI)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- NAVI
- Reported as of
- 28 Feb 2023
- Net transaction value
- -$2,361,824
- SEC form
- 4
- Accepted by SEC
- 02 Mar 2023, 16:59:49 UTC
- Prior SEC filing
- 07 Feb 2023
- Next SEC filing
- 18 May 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Elizabeth Han (POA) for John F. Remondi
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
John F. Remondi filed Form 4 for NAVIENT CORP (NAVI) on 02 Mar 2023.
Change
- Previous filing in this sequence was filed on 07 Feb 2023.
- Current net transaction value: -$2,361,824.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NAVI
transaction
Common Stock
Tax liability
- Transaction value
- $2,361,824
- Shares
- -130,849
- Change %
- -3.7%
- Price
- $18.05
- Shares after
- 3,439,488
- Date
- 28 Feb 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
NAVI
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 250
- Date
- 28 Feb 2023
- Ownership
- As custodian for child
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 6, 2020. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2022. On January 27, 2023, the Compensation and Human Resources Committee approved the achievement of the 2020-2022 PSUs at 115% of target resulting in the settling on February 28, 2023, of 244,679.7500 shares of such PSUs and an additional 42,268.5611 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
Footnote F2
In connection with this settlement, 130,849 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations.
Footnote F3
Reflects the disposition of 0.3111 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.